Anthony Bitetto buyout calculator, cap hit impact

Anthony Bitetto Buyout Cap Implications

Birthdate July 15, 1990

If Anthony Bitetto was bought out prior to the 2021-2022 season.

The annual cap hit of a buyout is calculated year by year as follows:

  • Add together the Original Cap Hit and the Contract Signing Bonus for that year
  • Subtract the Contract Total Salary for that year (base salary + signing bonus).
  • Finally, add the Annual Buyout Cost as calculated below.

He would be 30 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $500,000
Remaining base salary
($750,000 * 67% buyout multiplier)
.

1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)

Annual buyout cost of $250,000
(Total buyout cost/2 years)

Anthony Bitetto projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$750,000
$750,000 $0
Original Cap Hit $737,500 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($750,000) ($0)
Annual Buyout Cost $250,000 $250,000
ACTUAL CAP HIT San Jose Sharks logo $237,500 $250,000
Savings $500,000 $-250,000

Active Contract

Signing Team New York Rangers logo
Signing Date October 9, 2020
Signing Status UFA
Agent Jordan Neumann & George Bazos
Standard Contract | 2 Years $1,475,000 0.90% of cap space
2020-2021 2021-2022
Cap Hit $737,500 $737,500
UFA
AAV $737,500 $737,500
Performance Bonuses $0 $0
Base Salary $725,000 $750,000
Signing Bonuses $0 $0
Total Salary $725,000 $750,000
Minors Salary $265,000 $275,000
Clauses
UFA Year
Buy It Out
365K Guaranteed 2020-2021 375K Guaranteed 2021-2022